IndiGo posts Rs 620 cr net loss in Q3
Budget carrier IndiGo on Thursday reported a net loss of Rs 620 crore for the third quarter ended December 2020.
It had posted a net profit of Rs 496 crore in the same quarter of the previous fiscal. In the June and September quarter this fiscal, the airline had incurred a net loss of Rs 2,884 crore and Rs 1,194 crore, respectively.
The airline’s total income declined 50 per cent year-on-year to Rs 5,142 crore in the third quarter, IndiGo said in a statement. Its total expenses in the December quarter slipped 41 per cent to Rs 5,765 crore.
